Easton, Peter - In: Foundations and Trends(R) in Accounting 2 (2009) 4, pp. 241-364
<italic>Estimating the Cost of Capital Implied by Market Prices and Accounting Data</italic> focuses on estimating the expected rate of return implied by market prices, summary accounting numbers, and forecasts of earnings and dividends. Estimates of the expected rate of return, often used as proxies for the...